Don't bet on low interest rates returning anytime soon
Relative to the long-term average performance, there is still substantial inflationary pressure in the Canadian economy.
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Relative to the long-term average performance, there is still substantial inflationary pressure in the Canadian economy.
These are uncertain times for Canadian business. Poilievre wants corporate Canada to know that he won’t be attending any of their pity parties, especially if they continue to work with the governing Liberals.
Canadian policymakers must make trade easier here at home. Specifically, reduce barriers to trade, investment, and labour mobility between the provinces and territories.
This week‘s edition of The Hub’s Weekly Wrap reflects on some of the past week’s biggest stories, including Pierre Poilievre’s rhetoric deriding the corporate class and championing the working class, political developments around the carbon tax, and what the ongoing revelations of the ArriveCan scandal tell us about the competence of our government.
Readers in Hub Forum this week had discussions on Canada’s lost economic decade, whether Pierre Poilievre’s recent comments are as anti-business as they seem, why Trudeau should stand up to TikTok, and how Canada is viewed by allies and enemies.
By weaving together the principles of liberal democracy with an ethos of abundance, Canada has the opportunity to rejuvenate its economy and reforge a path toward widespread prosperity.
Prioritizing the interests of a small elite is part of how our country got into this mess. But casual watchers should not mistake Poilievre’s distaste for corporate Canada’s trendier priorities with a fundamental discomfort with free market capitalism. In fact, it’s the opposite. For Poilievre, fiscal conservatism and economic populism aren’t incompatible, they’re a match made in heaven.
It’s increasingly clear that Canada needs a bold supply-side agenda that pulls investment into the economy to boost supply in key areas and ultimately increase productivity and living standards.
Executive Director Rudyard Griffiths and Editor-at-Large Sean Speer discuss the upcoming federal budget, as well as the flawed thinking behind an open letter from business executives arguing that the federal and provincial governments should mandate public pension plans to increase their investment in Canada.
Productivity is in a tailspin. A greater share of GDP is spent on here-today-gone-tomorrow current spending by governments and households than in decades. Tax policy is uncompetitive.
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